Tuesday, May 22, 2018
5:11:59 PM EDT

Sentiment Fading

by
Jim Brown

Today saw nearly two thirds of Monday's short squeeze rally erased. That means any positive sentiment about the market rebound and the cancellation of the Chinese tariff problem has already evaporated. Earnings are no longer enough to lift the markets. That sentiment is baked into the market and is currently eroding as old news. Without a new headline every day, investors are losing their interest as the holiday weekend approaches.

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